grid110

grid110

Midjourney/Dall-E

It’s 8 a.m. on a Monday morning. I wave at the contact-free traffic sensor and the cars stop so I can cross. A delivery robot zooms past bringing cold brew and breakfast burritos to neighbors, while someone activates a micromobility electric scooter and glides off down a side street. An autonomous vehicle on a trial run pauses at the stop sign, guided by Global Positioning System satellites more than 12,000 miles overhead. A smart pole tracks air quality at the intersection and reports back to the data science team at City Hall.

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Courtesy of Grid110

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Despite Black- and Latinx-led startups raising record amounts of funding in 2021, the fact remains that the startup scene—and the venture capital industry that funds it—remains overwhelmingly white. Of the $330 billion raised by U.S. startups last year, the amounts received by Black and Latinx founders remained in the low-single digits.

Miki Reynolds encountered that gulf firsthand in 2014, when she found herself unemployed in Los Angeles after the software company she worked for shut down. She recalled struggling to connect with other—mostly white and male—folks in the tech ecosystem. “As a woman in tech, a woman of color, I just felt like I didn't identify with the community.” In 2015, Reynolds founded Grid110—a no-equity, no-cost accelerator program designed to create a space in the industry for people like her.

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